Family Kitchen homeStart Program


Turn Your Dreams into Reality with Profinium

and the Home$tart Program.

Up to $15,000 per household available.
Profinium is teaming with Federal Home Loan Bank (FHLB) of Des Moines, to help homebuyers pay down the payment and/or closing costs on the purchase of a new home.

Moving to new home

  • Annual household income must be at or below 80% of the area median income.
  • At least one home buyer for each household must be a first-time homebuyer and all that are first time homebuyers must complete a financial literacy counseling course prior to closing.
  • Property must be retained for five years to avoid repayment of any portion of funds received.
  • Maximum purchase price of $349,500.
  • Must purchase a 1-4 family, owner occupied property to be used as the household’s primary residence.
  • Other qualifications may apply. Check in with our Mortgage Lenders to learn more.

*Statewide HUD 80% Income Limit for Minnesota
Family Members - Income Limit
  • 1 - $61,650
  • 2 - $70,450
  • 3 - $79,300
  • 4 - $88,100
  • 5 - $95,150
  • 6 - $102,250
  • 7 - $109,250
  • 8 - $116,300

Home$tart Program FAQs

Home$tart® is a down payment and closing cost assistance program offered by FHLB Des Moines to qualifying first time home buyers through member financial institutions.

Home$tart participants may receive up to $15,000 in grant funds.
The Home$tart program is available to qualifying first time home buyers earning up to 80 percent of area median income for the location of the residence being purchased. Income limits are adjusted based on household size.

Home$tart recipients must also:
  • Complete a home buyer education class
  • Qualify for mortgage financing with their lender
You must have a signed Purchase and Sale Agreement to enroll in Home$tart.
Home$tart grants may be used to purchase single-family homes, manufactured homes, condominiums and other types of residences. The home you purchase must be used for your primary residence. There are no neighborhood restrictions (i.e., type or location).

Home$tart grants may be used for down payment and closing costs for purchase of a home.
If your home is purchased with Home$tart assistance, it is subject to a five-year deed restriction requiring that you return a portion of the grant if you sell your home within five years. This amount will be prorated based on the length of time you own the home, and the funds will be taken from your sale proceeds. If you sell your home at a net loss or to another low- or moderate-income home buyer or if you lose your home through foreclosure, the prorata amount owed on your grant will be forgiven; in these cases, your title company should contact FHLB Des Moines to request a forgiveness review. However, if you live in the home for at least five years, you never have to repay the grant. It’s all yours!

You can enroll through Profinium, as Profinium is a member of FHLB Des Moines and participates in the Home$tart program. Your lender will qualify you for Home$tart and explain the program in greater detail.


Profinium Inc. NMLS# 402979
Loans are subject to credit and underwriting approval.
Funds are available for eligible homebuyers on a first-come, first-served basis.
This is not a guarantee or commitment to lend.